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224 Colborne St W

Colborne St WWest BrantBrantfordON, N3T 1L8

3
Beds
3
Baths
1,345
Sq. Ft.
$849,900
List Price
224 Colborne St W, Brantford, ON - 1 of 3
224 Colborne St W, Brantford, ON - 2 of 3
224 Colborne St W, Brantford, ON - 3 of 3
New
4 days on market

Quick Summary

  • Profitable triplex with 7.1% CAP rate
  • Updated interiors and separate hydro meters
  • Detached rentable workshop space
  • Versatile units with unique livability
  • Main floor unit with no stairs
  • Upper unit with cozy Juliet balcony
  • Spacious basement in one unit
  • All units at market rents

**7.1% CAP RATE** Welcome to an exciting offering in the extremely popular city of Brantford. This TRIPLEX not only offers 3 units with updated interiors, all with separate hydro meters, and parking for each unit, but it also offers a FOURTH rentable space in the detached workshop. The property itself has been craftily designed, to... Show More

**7.1% CAP RATE** Welcome to an exciting offering in the extremely popular city of Brantford. This TRIPLEX not only offers 3 units with updated interiors, all with separate hydro meters, and parking for each unit, but it also offers a FOURTH rentable space in the detached workshop. The property itself has been craftily designed, to enhance each units unique livability, giving this building the ability to attach an almost universal audience. There is a main floor unit with no stairs, an upper private unit with a cozy juliet balcony and the last unit offers main floor living with a surprisingly large basement to enjoy as well. ALL THE RENTS ARE MARKET RENTS, yes you read that correct, this building has been flipped in the recent years with modern leases all paying market rents. This building offers a 7.1% CAP RATE. In a time where the comparable properties are still stuck in the 5's. This is a rare chance to own a key turn investment property and start CASH FLOWING TODAY, EVEN WITH A MORTGAGE. (id:54626)

Property Details

Size

1,345 sq. ft.
across 2 floors
3 Beds
3 Baths
3 Full

Parking

6 Parking Spaces
Detached Garage

Lot

Size
480′0″ * 1859′12″
Acres
-

Build

Year Built
1880
Model Name
-
Basement
Finished
Exterior
Brick
Foundation
Stone
Builder Name
-
Stories
2
Flooring
-
Roof
-

Heating & Cooling

Heating
Radiant heat
Cooling
None

Utilities

Water
Municipal water
Sewer
Municipal sewage system
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Ownership Details

Ownership

Title
Freehold
Zoning
-

Source

Listing Brokerage

MLS® Listing
40671325
Last Updated
November 1, 2024
Brokerage
Re/Max Twin City Realty Inc.
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